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In the video, Pace receives a call from a title company requesting the removal of his memorandum. He discusses a sub-two deal where the sellers want to delay by a year but are unwilling to sign an extension despite covering his out-of-pocket expenses. He recalls advice from Caleb regarding how to manage situations involving a memorandum to prevent sellers from circumventing him. Pace reflects on past experiences, including a deal with a veteran couple who leveraged their status to negotiate a higher price. The conversation highlights the challenges and strategies in handling real estate contracts and memorandums.